Should I self-publish or send my book to a publisher? What are the pros and cons of self-publishing, compared with submitting a manuscript to a traditional "for royalty" publishing house? Consider the following:
Self-publishing has many of the same pros and cons as traditional publishing. The decision to publish or not is the first step. If you are in favor, it is done! There is no need to wait for a committee to make a decision.
It will be unnecessary for you to find, work with and share profits with an agent. You can control the title and cover design of your book. You also have the power to "veto" the work of an editor who edits your manuscript. You pay for the service of an editor, and you have the final say.
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The best thing about self-publishing is the fact that you retain 100 percent of your profits after your books have been printed and sold. You get $20 if your book sells at $20.
This is more than the $2 you would make from a 10% retail-based royalty. Self-publishers often not only recover their initial investment but also realize satisfied profits after the inventory has sold.
If your book is published by a traditional publishing house, the biggest benefit for you as an author is that the publisher will cover all costs associated with producing the book. This includes editing, cover design, printing, binding, and page layout.
Your publisher will also store the books once they are printed. A major benefit to you is the fact that the publisher covers the cost of advertising and marketing the book.
The publisher handles shipping and order fulfillment. Smaller publishers might have their own shipping and order departments. Large publishers usually supply inventory to a large distributor who then supplies "big box" retailers as well as online sellers.